The 10 year OEM thing is a myth. If an automaker discontinues a car tomorrow, they are not legally obligated to continue supporting it at all if they don't want to (other than fulfilling outstanding manufacturer warranties for those cars...and they will need parts to do that.) If it is a popular model, there might already be a lot of OEM parts in the channel, as well as substantial aftermarket parts support. That could keeps parts readily available for years.
Keeping an old Tesla alive...
- Thread starter JeffKeryk
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Actually federally, auto manufacturers are required to offer parts and service for 10 years. Let's face it if it weren't for stupid carbon offset credits, Tesla would have folded years ago. They took in $480 million in offset credits, and $101 million flipping bitcoin this quarter. Musk has even said they barely make money on selling cars.
And yet their stock was everyone's stock of the year.
They had another record quarter in sales units, revenue and profit. Blew away analysts forecasts. Again.
They are opening 2 new factories this year; Austin will be the largest car plant in the world and will employ more than 10,000 workers.
What a lousy company.
And why is car every company trying to be like them?
They had another record quarter in sales units, revenue and profit. Blew away analysts forecasts. Again.
They are opening 2 new factories this year; Austin will be the largest car plant in the world and will employ more than 10,000 workers.
What a lousy company.
And why is car every company trying to be like them?
Typically, to avoid brand reputation damage, they will either make a car "lease only" or they will still provide at least 10 year of support. Honda did that to their Clarity EV and GM did that to the EV1.
That's their whole business model, just like how some manufacturers refuse to work on EV / hybrid because they know they can buy carbon credit from the like of Tesla. Those big SUV will not be around without these loopholes, so count your blessing.
The risk of "what if they are right", and safety in number. One company being different than what everyone else is doing means it can either make a lot of money or go out of business because they will be the only one failing to meet certain regulation or market change. If they are all wrong then nobody will be out of business and it is just a predictable cost of doing business.